Research and analyze a publicly traded company noting their adherence to conventional accounting practices. From their Comprehensive Financial Reports and footnotes, describe to which type of accounting practices they adhere. If they use nonconventional accounting practices like the construction or agricultural industries above, describe the nature of any exceptions. If their accounting policies are standard (conventional) so note that characteristic. If you find companies or industries that further deviate from conventional accounting practices (GAAP), address such deviations. Justify those differences with sound explanations and acceptability within the accounting world. If your company or industry uses GAAP or IFRS or standard accounting practices, state this and clearly explain there are no exceptions.
Describe the companies or industry that you choose to research and identify how their accounting practices conform or deviate from conventional accounting practices (GAAP). Justify any differences with sound explanations and acceptability within the accounting world. Identify and describe the methods that are used.